Mark Lennihan, AP
Though people ages 18 to 35 want to own a home, 69 percent say the housing bust has helped them know more about buying a home than their parents did at their age, according to MarketWatch, citing a study by Better Homes and Gardens Real Estate.
“They’re not going to end up getting into a situation that they’ve seen where they can’t keep the house” because they can no longer afford it, Matt Rand, managing partner of Better Homes and Gardens Rand Realty, told Marketwatch.
Those surveyed are optimistic about eventually owning a home. Forty percent would work at a second job and 23 percent say they would live with their parents in order to save up for a home.
Sixty-nine percent of people ages 18 to 35 won’t buy a home until they have enough money saved up to keep the purchase from impacting their form of living.
Seventy-five percent of the 1,001 people surveyed see homeownership as a crucial indicator of success.
- Dave Ramsey says: Don't leave an estate with...
- Does getting married really increase wealth...
- Cellphone unlocking set to become legal again
- 3 ways you can save money on movie theater...
- Family feud sparks revolt at grocery store...
- Battered by recalls, GM buoyed by its large SUVs
- Russian execs fear lasting damage from...
- Balancing act: Survey says lack of balance,...
- Renewable energy advocates decry... 16
- Protesters from across U.S. arrested at... 13
- Dave Ramsey says: Don't leave an estate... 8
- Obama gives protection to gay,... 7
- New solar energy project at Utah... 6
- Parks visitors spent $596M in Utah last... 5
- Balancing act: Survey says lack of... 4
- 3 ways you can save money on movie... 3